U.S. Congressman to introduce three pro-cryptocurrency bills

Regulation • September 21, 2018, 1:59PM EDT
The Block

Representative Tom Emmer announced three bills to support blockchain technology and cryptocurrency. The bills are as follows:

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  1. The Resolution Supporting Digital Currencies and Blockchain Technology supports a "light touch, consistent, and simple legal environment" for cryptocurrencies and blockchain.
  2. The Blockchain Regulatory Certainty Act affirms that non-custodial blockchain entities do not need to register as money transmitters.

  3. The Safe Harbor for Taxpayers with Forked Assets Act creates a safe harbor for taxpayers with cryptocurrency forks that make a good faith effort to comply with tax policies.

(Source: Coin Center)

About Author

Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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